Representative ImageVisa, a global leader in digital payments, and Trip.com Group have announced a new global agreement to streamline travel payments in the Asia Pacific region. The collaboration introduces a virtual travel card programme, issued through Trip.com Group's fintech arm, TripLink, to enhance the booking and payment process for consumers and partners worldwide.
The programme, already active in Singapore, is set to expand to the Netherlands and Hong Kong. It aims to assist travel suppliers, hotels, and agencies in processing payments more efficiently and securely, thereby improving the overall travel experience. Visa and Trip.com Group will implement Visa virtual card credentials across Trip.com Group's global operations to streamline business-to-business payment flows, reduce manual reconciliation, and improve data visibility for travel partners.
As international travel rebounds, Visa's research indicates that 55% of Asia Pacific consumers plan to travel in the next six months, with Japan, China, and Australia being top destinations. Credit cards remain the preferred method for overseas spending due to their security and rewards, making enhancements to payment flows crucial for both travellers and the industry.
Arturo Planell, Group Country Manager for Regional Southeast Asia at Visa, stated, “By working with Trip.com Group, we're making payments simpler and more secure for travellers and the travel industry.” Zhe Wang, Head of Fintech at Trip.com Group, added, “Together we aim to enhance every step of the travel experience and support the continued recovery of global tourism.”
This partnership marks a significant step in supporting the recovery of international travel, connecting travellers to more destinations and experiences whilst ensuring seamless payment processes
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